China’s top 10 most admired companies in 2016

Fortune magazine (Chinese version) recently released the list of “China’s Most AdmiredCompanies” of 2016, with Alibaba Group Holding Ltd and Huawei Technologies Co Ltd taking the crown, remaining among the top five positions for four consecutive years.

“The year of 2015 is the starting year of China’s ‘mass entrepreneurship and innovation’strategy. The innovative implementations have further spread in segment industries, and the internet has been used to deeply transform traditional industries, bridging cross-border collaboration between the traditional enterprises and internet firms,” the magazine said.

According to the magazine, although numerous startups are not listed, they are able to play more important roles in the development of the world’s second largest economy.

The list, collected from 35,000 Chinese company management candidates’ 645 effective questionnaires, evaluates the corporate reputation of large companies that are based in theChinese mainland through nine criteria, including quality of products/services, long-term investment value, use of corporate assets, innovation, quality of management, financial soundness, people management, social responsibility and effectiveness of global management.

Below are the top 10 companies on the list:

No. 1 Alibaba Group Holding Ltd, a major Chinese e-commerce company

Alibaba Group-Traders wait for Chinese online retail giant Alibaba’s stock to go live on the floor at the New York StockExchange in New York on Sept 19, 2014.

VERIFY SERVICES

China's annual imports from the Yamal natural gas project in the resource-rich Arctic region will further secure China's energy security with increasing supplies of the natural gas, which is currently experiencing a severe shortage especially in northern China, said an executive from China National Petroleum Corp.

China's annual imports from the Yamal natural gas project in the resource-rich Arctic region will further secure China's energy security with increasing supplies of the natural gas, which is currently experiencing a severe shortage especially in northern China, said an executive from China National Petroleum Corp.

The world's largest floating photovoltaic power station was connected to the grid and started generating power in Anhui province on Sunday, with the remaining capacity to be connected in May, said China Three Gorges Corp, the world's largest hydropower producer.

The world's largest floating photovoltaic power station was connected to the grid and started generating power in Anhui province on Sunday, with the remaining capacity to be connected in May, said China Three Gorges Corp, the world's largest hydropower producer.

Orders for China's rebounding shipbuilding industry reached the top place in the world in the past 11 months, surpassing its counterpart South Korea, according to an international industrial analysis agency.